9 Earl Street
Maidstone
Kent
ME14 1PL

Freehold Retail Investment

  • Let to Toni & Guy (South) Limited until 2027 (subject to option)
  • Tenant in occupation since at least 2002
  • Prominent pedestrianised location in Maidstone town centre opposite Fremlin Walk Shopping Centre
  • Nearby occupiers include Primark, Marks & Spencer, WH Smith and Superdrug
  • Lot
    15
  • Auction
    23/May/2019
  • Rent
    £34,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £400,000 - £425,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of Trustees

Important Auction & Property Update
  • 9 Earl Street<br>Maidstone<br>Kent<br>ME14 1PL
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
17 miles north-east of Tunbridge Wells
37 miles south-east of Central London
Roads
A20, A229, A249, M20 (Junction 6)
Rail
Maidstone East Railway Station
Maidstone West Railway Station
Air
London Gatwick Airport, London City Airport
Situation

Maidstone is the county town and administrative centre of Kent located 35 miles east of London. The property is situated on the southern side of the pedestrianised Earl Street, between its junctions with Week Street and Rose Yard, in the heart of Maidstone town centre. Nearby occupiers include Primark, Marks & Spencer, WH Smith and Superdrug. Fremlin Walk Shopping Centre is located opposite the property with the Fremlin Walk car park (providing 760 spaces) within 100 yards.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first and second floor ancillary accommodation.

VAT

VAT is applicable to this lot.

EPC

See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
Ground
First
Second
Retail
Ancillary
Ancillary
56.10 sq m
53.50 sq m
56.90 sq m
(604 sq ft)
(576 sq ft)
(612 sq ft)
TONI & GUY
(SOUTH) LIMITED
(1) guaranteed by
Mascolo Limited
Approx 10 years
from 12/12/2017
on a full repairing
and insuring lease (2)
£34,00025/12/2022
(25/12/2027)
Total
166.50 sq m
(1,792 sq ft)
  £34,000 

(1) Toni & Guy was founded in 1963 and now has more than 475 salons across 48 countries (source: https://toniandguy.com 18/04/2019). The unit has been sublet to a franchisee (see legal pack).
(2) The lease provides a tenant option to determine on 24/12/2022.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    16.05.19
    File Size
    22 MB
    Login to View
  • Site Plan
    Updated Date
    01.05.19
    File Size
    5 MB
    View PDF
  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Seller's Solicitors
Pinsent Masons LLP 1 Park Row
Leeds
LS1 5AB
Andrew Quinlan 0113 294 5280andrew.quinlan@pinsentmasons.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now